0 16Th St, Vero Beach, FL 32966
This exceptional 5-acre industrial land parcel presents a compelling investment opportunity in Vero Beach, Florida. Located on 16th Street, this property boasts convenient access to major transportation arteries, including the I-95 and SR 60 interchange, ensuring seamless logistics and efficient distribution. The lot is moderately wooded, offering a degree of seclusion while maintaining excellent visibility. Its zoning designation is (IL) Light Industrial, allowing for a variety of potential uses. The property's secluded location on 16th Street provides a low-traffic environment, ideal for storage yards or other businesses requiring ample space and easy maneuverability. County water and sewer services are readily available, simplifying infrastructure development. The 2023 property taxes amounted to $2,577.36. The asking price for this strategically positioned industrial land is $1,195,000. This represents a significant opportunity to acquire a substantial parcel in a rapidly growing area with excellent connectivity and zoning flexibility. Don't miss this chance to secure a prime location for your next venture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.